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Course Criteria
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4.00 Credits
Asian Studies An overview of the contemporary economic situation in East Asia and the changes in economic structure and mechanism that occurred there in the second half of the 20th century. Emphasis is on the underlying causes and consequences of those changes, as well as important overall trends. Topics include the role of government policy and the state, transition from planned to market economies, origin and nature of the Asian financial crisis, industrial division and regional cooperation, and the role of the United States in the East Asian economy. The focus is on mainland China, Hong Kong, Taiwan, Japan, Korea, and the ASEAN countries. Prerequisite: Economics 101 or 102.
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4.00 Credits
Environmental Studies, LAIS This course explores the economic conditions and problems faced by the majority of the people that live in the developing countries of Asia, Africa, Latin America, and the Caribbean. The concept of economic development is defined and related to ideas such as economic growth, sustainable development, and human development. Economic theories of development are introduced, and policies designed to promote development at the local, national, and international levels are evaluated. Considerable attention is paid to understanding how household decisions in rural agricultural societies are shaped by institutional and policy environments. Topics include the economic consequences of colonialism and economic dependence; poverty and income distribution; investments in physical and human capital; and the role of foreign capital flows, among others. Students are expected to carry out a case study of the development experiences of a country of their choice. Prerequisites: Economics 101 and 102.
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4.00 Credits
American Studies, GSS, Social Policy, SRE How do social scientists measure and interpret economic "inequality"? What is meant when thegovernment says that "poverty" has increased?Does economic theory have anything useful to say about "discrimination" against women andminorities? Which policies work to combat poverty and discrimination and which do not? These are some of the questions considered in this course, which is based on readings drawn from professional articles and books.
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4.00 Credits
GSS This course extends the basic economic model of decision making to study some of the more interesting choices one makes in life. The main topics covered are dating and mating, childbearing, household behavior, the allocation of time, marital dissolution, religion, health, death, and intergenerational relations. Also discussed are such issues as prostitution and the recent decline of marriage rates; the effects of sex education and the socioeconomic consequences of teen childbearing; the division of labor in households; and the effects of divorce laws on suicide, domestic violence, and spousal murder. Prerequisite: Economics 101 or permission of instructor.
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4.00 Credits
Environmental Studies See Economics 226 for description.
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4.00 Credits
Environmental Studies See Economics 229 for description.
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4.00 Credits
American Studies, GSS This course focuses on the economic forces and public policies that affect employment and wages. Topics include labor demand and supply, minimum wage laws, theories of unemployment, job search and matching models, family and lifecycle decision making, human capital, efficiency wage theory, compensating wage differentials, worker mobility and migration, unions, and discrimination. Prerequisite: Economics 101.
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4.00 Credits
American Studies, Environmental Studies, Social Policy This course introduces the two branches of traditional public finance, corresponding to the two sides of the government budget-revenue and spending. On the spending side, we survey the economic rationales for the existence of government and for its intervention in the economy, as well as the economic consequences of government expenditures. On the revenue side, we examine the problem of efficient pricing of public sector output; the consequences of alternative tax structures for the distribution of wealth and the efficiency of resource allocation; and approaches to the economics of collective action. Prerequisite: Economics 101.
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4.00 Credits
Environmental Studies Economics is the science of human choice, and "public choice" is the study of decisions that aremade collectively-by clubs, organizations, alliances, and governments. Public choice theory attempts to model the interactions among alternative fiscal institutions, alternative political institutions, and the private and public behavior of persons and groups. Readings include The Calculus of Consent ( James Buchanan and Gordon Tullock, 1962) and selections from Buchanan's many later works, as well as theoretical and empirical papers by Kenneth Arrow, Duncan Black, Anthony Downs, Erik Lindahl, William Niskanen, Paul Samuelson, and Knut Wicksell. Topics include the economic theory of democracy; how collective choices emerge from the political process; the demand and supply of public goods; the economic theory of voting; and the theory of constitutions (voting rules). Applications to collective decisions at various scales are considered, with a special focus on problems of environmental protection and ecosystem management. Prerequisite: Economics 101.
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4.00 Credits
Environmental Studies See Economics 242 for description.
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